Leaked Emails Unveil Snapchat's Secretive CEO

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Douglas MacMillan A batch of leaked emails involving a Snapchat board member show the startup's rapid rise to be the work of a secretive young entrepreneur with a distaste for Silicon Valley and its conventions. Evan Spiegel, Snapchat's 24-year-old ...

Swiss Central Bank Introduces Negative Interest Rates

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Neil MacLucas ZURICH--Switzerland's central bank said Thursday it will introduce negative interest rates, a move designed to curb demand for the Swiss franc. Beginning Jan. 22, 2015, the Swiss National Bank will charge banks 0.25% to deposit overnight funds ...

China November Home Prices Fall at Slower Pace -- Update

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Esther Fung The average price of new homes in 70 Chinese cities continued to fall in November, signaling a decline in home prices hasn't run its course. On a month-over-month basis, average home prices fell at a slower pace, ...

U.K. Car Production Slips in November

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

LONDON--U.K. car manufacturing fell 0.2% in November, although the year-to-date total remains stable at 1.42 million units, an industry body said Thursday, leading it to expect full-year production to match last year's level of 1.5 million units, and growth to ...

Asian Shares Rise as Fed Shows Patience

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Chao Deng Stocks in Japan and Australia jumped early Thursday on signals from the U.S. Federal Reserve that it is not in a hurry to raise interest rates, encouraging investor risk appetite. The Nikkei Stock Average surged 2.3% while ...

Switzerland Lowers 2015 Growth Forecast

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Neil MacLucas ZURICH--The Swiss government on Thursday lowered its forecast for gross domestic product growth next year due to the sluggish performance of economies in the eurozone, the Alpine country's key export market. The government said, however, that while ...

U.K. Car Production Slips in Nov; Full Year Expected to Match 2013 - SMMT

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

(This article was originally published at 0001 GMT Thursday.) By Ian Walker LONDON--U.K. car manufacturing fell 0.2% in November, although the year-to-date total remains stable at 1.42 million units, an industry body said Thursday, leading it to expect full-year production ...

Asian Shares Rise as Fed Shows Patience

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

Stocks in Japan and Australia jumped early Thursday on signals from the U.S. Federal Reserve that it is not in a hurry to raise interest rates, encouraging investor risk appetite. The Nikkei Stock Average surged 2.3% while the S&P; ASX ...

Putin's Year of Defiance and Miscalculation -2-

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

Warning that defying "the laws of economic development" would bring Russia to collapse as it did the Soviet Union, Mr. Gref ridiculed government policies for replacing sanctioned products with domestic ones. "You cannot motivate people through the Gulag, like in ...

IHH Healthcare Plans Expansion Across Asia Pacific

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Jason Ng KUALA LUMPUR, Malaysia--IHH Healthcare Bhd. (5225.KU), Asia's largest listed healthcare operator by market value, plans to spend 3.3 billion ringgit ($940 million) over the next two years as part of its ambitious expansion in the region. We're ...

Swiss November Exports Drop on Weaker Watch, Machinery Demand

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

ZURICH--Swiss exports slowed in November due to weaker demand for the country's machinery, electronic goods and watches, in addition to one work day less. Exports in November fell 2.9% from a year earlier, in real terms and adjusted for inflation, ...

Japan Firms' Cash Holdings Hit Record High

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

TOKYO--Japanese companies added to their mountains of stashed cash in the third quarter, pushing up their combined savings to a new record equivalent to almost half the nation's gross domestic product despite repeated calls by Prime Minister Shinzo Abe to ...

Marathon Oil to Cut Capital Spending in 2015

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Maria Armental Marathon Oil Corp. plans to cut spending in 2015, the latest energy company to slim its spending plans amid tumbling oil prices. The Houston energy producer said it plans to spend $4.3 billion to $4.5 billion in ...

KKR Stumbles on Shale Deal

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Ryan Dezember And Daniel Gilbert Shortly after bagging big profits on a Pennsylvania drilling deal, George Roberts traveled to Houston to meet with the banker who had brought the prospect to his private-equity firm, KKR & Co. Mr. Roberts, ...

China November Home Prices Fall at Slower Pace

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

The average price of new homes in 70 Chinese cities continued to fall in November, signaling the decline in home prices hasn't run its course. But on a month-over-month basis, average home prices fell at a slower pace, as some ...

China Not Yet Affected By Ruble's Slide -- Regulator

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

BEIJING--China hasn't seen any impact on cross-border capital flows due to the steep slide in the Russian ruble but it is watching the situation closely, an official at the Chinese foreign exchange regulator said Thursday. "There has not yet been ...

Swiss Central Bank Introduces Negative Interest Rates

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

ZURICH--Switzerland's central bank said Thursday it will introduce negative interest rates, a move designed to curb demand for the Swiss franc. Beginning Jan. 22, 2015, the Swiss National Bank will charge banks 0.25% to deposit overnight funds with it, the ...

Fed Sets a Patient Stage for Rate Hikes in 2015--3rd Update

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Jon Hilsenrath The Federal Reserve took a delicate step toward raising short-term interest rates in 2015, but at the same time exposed its skittishness about signaling a historic move away from easy-money policies in place since the global financial ...